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DOW JONES UP AS MICROSOFT POPS ON SAM ALTMAN RETURN The Dow Jones Industrial Average rose nearly 200 points amid broad market gains. Microsoft (MSFT) led as it popped on Sam Altman's return as ChatGPT CEO. Microsoft (MSFT) was one of the strongest performers on the much-watched index, rising 1.3%. The Leaderboard stock is still in a buy zone from a entry. The stock was bolstered as the OpenAI saga finally looks to be coming to a close. In a dramatic development, ousted co-founder Altman is set to return as CEO. He will serve under a new board of directors that will include former U.S. Treasury secretary Larry Summers. Microsoft CEO Satya Nadella said he was “encouraged by the changes.“ Source: Investor's Business Daily HOLIDAY THINS TRADING AFTER DATA SLOWS DOLLAR'S DECLINE Currency markets were lulled by holidays in Japan and the United States on Thursday, with the US dollar struggling to retain the light gains it made after data forced investors to rethink market projections for peak Fed rates. With markets shut in Japan and the United States for the Thanksgiving holiday, currencies barely moved and cash US Treasuries weren't traded in Asia. The dollar index rose overnight, bouncing from a 2-1/2 month low, after economic data showed the number of Americans filing new claims for unemployment benefits fell more than expected last week. By 0530 GMT, however, the euro was % higher at $ and the dollar index was a tad weaker at . The Australian dollar was 0.2% higher too at $. Source: Reuters EURO ZONE BONDS TREAD WATER AFTER FED MINUTES AND LAGARDE SPEECH Euro zone bonds were little changed on Wednesday after central bank officials did little to disabuse investors' hopes that the next move in interest rates will be down. Germany's 10-year bond yield, the bloc's benchmark, was 1 basis point (bp) higher at %. The yield touched a 12-year high of % in early October before dropping sharply as economic data in the U.S. and Europe suggested inflation would slow quicker than previously thought. Yields move inversely to prices. Jussi Hiljanen, head of rates strategy at lender SEB, said trading was muted as US investors prepared for the Thanksgiving holiday on Thursday. Source: Reuters 🌐 FXOpen official website: Join us on our social networks: ✅ ✅ ✅ ✅ CFDs are complex instruments and come with a high risk of losing your money.
